Trimble (TRMB) Tops Q1 EPS by 4c
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Price: $59.21 -0.5%
EPS Growth %: -16.7%
Financial Fact:
Restructuring charges: 3.5M
Today's EPS Names:
FRSB, DGICA, UXIN, More
EPS Growth %: -16.7%
Financial Fact:
Restructuring charges: 3.5M
Today's EPS Names:
FRSB, DGICA, UXIN, More
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Trimble (NASDAQ: TRMB) reported Q1 EPS of $0.44, $0.04 better than the analyst estimate of $0.40. Revenue for the quarter came in at $742.2 million versus the consensus estimate of $723.94 million.
- First quarter 2018 revenue of $742.2 million was up 22 percent as compared to the first quarter of 2017. Buildings and Infrastructure revenue was $224.7 million, up 20 percent. Geospatial revenue was $174.5 million, up 17 percent. Resources and Utilities revenue was $159.2 million, up 32 percent. Transportation revenue was $183.8 million, up 19 percent.
- GAAP operating income was $64.2 million, up 17 percent as compared to the first quarter of 2017. GAAP operating margin was 8.6 percent of revenue as compared to 9.0 percent of revenue in the first quarter of 2017.
- GAAP net income was $58.5 million, up 17 percent as compared to the first quarter of 2017. Diluted GAAP earnings per share were $0.23 as compared to diluted GAAP earnings per share of $0.19 in the first quarter of 2017.
- Non-GAAP operating income of $139.5 million was up 30 percent as compared to the first quarter of 2017. Non-GAAP operating margin was 18.8 percent of revenue as compared to 17.6 percent of revenue in the first quarter of 2017.
- Non-GAAP net income of $112.5 million was up 35 percent as compared to the first quarter of 2017. Diluted non-GAAP earnings per share were $0.44 as compared to diluted non-GAAP earnings per share of $0.33 in the first quarter of 2017.
- The GAAP tax rate for the quarter was 12 percent as compared to 22 percent in the first quarter of 2017, and the non-GAAP tax rate was 19 percent as compared to 23 percent in the first quarter of 2017.
- Operating cash flow for the first quarter of 2018 was $82.9 million, down 20 percent as compared to the first quarter of 2017. Deferred revenue for the first quarter of 2018 was $360.4 million, up 19 percent as compared to the first quarter of 2017.
For earnings history and earnings-related data on Trimble (TRMB) click here.
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